Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 334.59

+1.8%

9:40 AM EST

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To: Katherine Derbyshire who wrote (23689)	9/1/1998 8:29:00 PM
From: Jacob Snyder	Read Replies (2) of 70976

Jacob Snyder issues a strong buy on AMAT: This smells like capitulation, in the market and the techs. I continue to be surprised by AMAT's strength. Yes, it's down, but it isn't any weaker than INTC or MSFT or CSCO. And it seems to want to keep it's head above 26. We're at P/S=2, which meets my value criteria. Everyone expects near-zero profits for the rest of the year, an upturn in 1999 at the earliest, and possibly not till 2000. This has been discussed widely, in this and numerous other forums. What else can go wrong? What new bad news can come out? How much worse can the picture be? Anyway, I covered all my shorts, sold all my puts, and bought 100 contracts of ZPJAH (1/2001 AMAT 40 calls) today @ 6.375

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